Reasons for arrears

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Reasons for arrears

Being unable to pay your mortgage or other secured loans is the main reason why repossession may take place.

Reasons for arrears commonly result from:

Loss of job or main source of income
Unable to work due to injury/illness
Partner or Spouse moving out and not contributing towards payments
Large debts on credit cards and other loans
Extra expenses such as having a baby

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Home Repossession >> Why You Can Be Repossessed >> Reasons for Arrears

Reasons for arrears